IGCSE/GCSE/O & A Level/IB/University Student Forum

Qualification => Subject Doubts => GCE AS & A2 Level => Commerce => Topic started by: Tohru Kyo Sohma on May 12, 2011, 10:31:28 am

Title: business P1 doubts here!!
Post by: Tohru Kyo Sohma on May 12, 2011, 10:31:28 am
anyone can ask business P1 doubts here...i ll try to help them and if i have doubts someone can help me!!! 8)
Title: Re: business P1 doubts here!!
Post by: Tohru Kyo Sohma on May 14, 2011, 04:37:50 pm
i have a doubt.........i hope someone solves it;
Discuss the main factors that a business should consider before deciding to sell its products on
the Internet.  [20]
i kind of need a model answer for it.....!!! :-[
Title: Re: business P1 doubts here!!
Post by: Saavya on May 16, 2011, 11:23:09 am
i need help on ethical issues....probably some summary notes  :-\ ? i dont have any particular question, just an overall view on it :( not examples of it
Title: Re: business P1 doubts here!!
Post by: Saavya on May 16, 2011, 11:27:11 am
i have a doubt.........i hope someone solves it;
Discuss the main factors that a business should consider before deciding to sell its products on
the Internet.  [20]
i kind of need a model answer for it.....!!! :-[

uh which year is this question from ?

check out this info but i think its kinda out of the as level syllabus?

http://www.ehow.com/info_7760062_factors-sell-its-product-internet.html

hope you find "some" points helpful
Title: Re: business P1 doubts here!!
Post by: Tohru Kyo Sohma on May 16, 2011, 11:50:01 am
As you know that ethics are the moral guidelines that determine the decision making.Corporate social responsibility is the obligations a firm accepts over and above its legal obligations eg.responsibilities to community and the enviroment. the growing importance of corporate social responsibilty has lead to businesses adopting an 'ethical code' to influence the way in which decisions are taken. Why should a manager behave ethically?1. to attract ethical investors. 2. to attract ethical consumers. 3. to attract employees. 4. to avoid unfavourable media attention.
Why should a firm not behave ethically?
1. there is no government agreement on what is ethical.
2. it can add up extra costs to a firm.
3. conflict of interests. eg. by not producing cigrettes a business has to make workers redundant.
4. it is not illegal if you dont follow an ethical code.
Ethics Vs profits
ethical behaviour may reduce a firms profits in the short run by;
1. by not accepting orders which are cheap but are from firms using child labour leads to increased costs.
2. production controls. eg pollution control
3. paying fair wages to employing in a country with no wage restrictions.
ethical behaviour may also increase profits in the long run by;
1.attracts investors
2.attracts consumers
3.attracts staff
thats all i've got........hope that its helpful ;D
Title: Re: business P1 doubts here!!
Post by: Tohru Kyo Sohma on May 16, 2011, 11:52:11 am
uh which year is this question from ?

check out this info but i think its kinda out of the as level syllabus?

http://www.ehow.com/info_7760062_factors-sell-its-product-internet.html

hope you find "some" points helpful
its may/june 2010 p13
Title: Re: business P1 doubts here!!
Post by: Saavya on May 16, 2011, 12:00:59 pm
thanks for the info on ethics

oh i see,actually im doin variant 2 paper on 18 , so im only solving v2 papers from the last 2 years (where variants started)

didnt find any question similar to this till now, but saw many questions on ethical issues worth 20 marks

Title: Re: business P1 doubts here!!
Post by: Tohru Kyo Sohma on May 16, 2011, 12:12:00 pm
im actually trying to solve all the variants.....even im giving v2 on 18......................ethics are tuff........and worth 20 marks....i wont be able to write :P......but we can try a question.......Discuss how the activities of a business might be constrained by ethical issues?[20 marks]
we can give points like i would start with what ethical issues are, then give its advantages and the disadvantages........i havent got more points
Title: Re: business P1 doubts here!!
Post by: username on May 16, 2011, 12:17:01 pm
im actually trying to solve all the variants.....even im giving v2 on 18......................ethics are tuff........and worth 20 marks....i wont be able to write :P......but we can try a question.......Discuss how the activities of a business might be constrained by ethical issues?[20 marks]
we can give points like i would start with what ethical issues are, then give its advantages and the disadvantages........i havent got more points
i for 1
never touch {20} mark questions
makes me nervous :s :P
Title: Re: business P1 doubts here!!
Post by: Saavya on May 16, 2011, 12:19:32 pm
lol, that was the question that made me end up here :p i was doing that paper last night . let me do some searching then ill let you know..

by then if an angel could drop in by giving some good points.... i would be very grateful  ;D
Title: Re: business P1 doubts here!!
Post by: Tohru Kyo Sohma on May 16, 2011, 12:22:44 pm
lol, that was the question that made me end up here :p i was doing that paper last night . let me do some searching then ill let you know..

by then if an angel could drop in by giving some good points.... i would be very grateful  ;D
if i get more points...i'd be happy to share....even i got stuck in this question and i remembered it when u just asked now
Title: Re: business P1 doubts here!!
Post by: Tohru Kyo Sohma on May 16, 2011, 12:24:04 pm
@ username
20 marks question makes me nervous too....except if its on leadership or motivation....i love these topics
Title: Re: business P1 doubts here!!
Post by: Saavya on May 16, 2011, 12:37:30 pm
if i get more points...i'd be happy to share....even i got stuck in this question and i remembered it when u just asked now


i noted down your points they are helpful, thanks :)

ill go to my room now and see what else could i add more to make it worth atleast 15 marks
ill return to write what else i wrote in my answer

Title: Re: business P1 doubts here!!
Post by: Tohru Kyo Sohma on May 16, 2011, 12:38:49 pm
i noted down your points they are helpful, thanks :)

ill go to my room now and see what else could i add more to make it worth atleast 15 marks
ill return to write what else i wrote in my answer


okie dokie ;)
Title: Re: business P1 doubts here!!
Post by: username on May 16, 2011, 12:47:09 pm
@ username
20 marks question makes me nervous too....except if its on leadership or motivation....i love these topics
i no rite!
those 1s are eazy marks
including delegation :D
Title: Re: business P1 doubts here!!
Post by: Tohru Kyo Sohma on May 16, 2011, 01:35:12 pm
i no rite!
those 1s are eazy marks
including delegation :D
but we dont have delegation this year!
Title: Re: business P1 doubts here!!
Post by: username on May 16, 2011, 01:55:14 pm
but we dont have delegation this year!
WE DONT????
aw cruds......
thx fr tellin me dat
i can now stop studyin dat....:)
Title: Re: business P1 doubts here!!
Post by: Tohru Kyo Sohma on May 16, 2011, 02:15:11 pm
delegation comes under organisational structure chapter....and that is not in our portion
Title: Re: business P1 doubts here!!
Post by: Tohru Kyo Sohma on May 16, 2011, 04:41:22 pm
ok...i have a doubt here...in inventory management chapter...its like they say that when u keep high levels of stock....this lead to capital being tied up.....and some things about opportunity costs too.....please can someone explain what this means to me?????HELP :(
Title: Re: business P1 doubts here!!
Post by: username on May 16, 2011, 04:45:42 pm
ok...i have a doubt here...in inventory management chapter...its like they say that when u keep high levels of stock....this lead to capital being tied up.....and some things about opportunity costs too.....please can someone explain what this means to me?????HELP :(

the cash used up for storing the stock
...buying the stock...
keeping it in good condition...
etc.
cud have been used elsewhere in the business. like 2 pay debts, or pay wages or buy b8r machinery etc.

hope it helped:D
Title: Re: business P1 doubts here!!
Post by: Saavya on May 16, 2011, 05:10:21 pm
i cant think of anything extra about ethical issuesss ! i hope some easy 20 mark question appears -.- i dont like answering in parts, they make me think moreee :/ and the paper is for only 1hr 10min

so all this time i went thru HR and Marketing :/ ~
Title: Re: business P1 doubts here!!
Post by: Tohru Kyo Sohma on May 16, 2011, 05:26:26 pm
the cash used up for storing the stock
...buying the stock...
keeping it in good condition...
etc.
cud have been used elsewhere in the business. like 2 pay debts, or pay wages or buy b8r machinery etc.

hope it helped:D
yup i understood
thanx
+rep
Title: Re: business P1 doubts here!!
Post by: Tohru Kyo Sohma on May 16, 2011, 05:30:59 pm
i cant think of anything extra about ethical issuesss ! i hope some easy 20 mark question appears -.- i dont like answering in parts, they make me think moreee :/ and the paper is for only 1hr 10min

so all this time i went thru HR and Marketing :/ ~
i dont like 20 marks qns .......i like the parts better......its ok!!im still reading enterprise.
Title: Re: business P1 doubts here!!
Post by: Saavya on May 16, 2011, 05:39:48 pm
i dont like 20 marks qns .......i like the parts better......its ok!!im still reading enterprise.

HEY WAIT do we even have ethical issues stuff this year ?!!? i mean its an external influence on business activity right ?....wasnt this moved to the a2 syllabus this year :S ? im getting confused !

sorry if im mistaken...
Title: Re: business P1 doubts here!!
Post by: Tohru Kyo Sohma on May 16, 2011, 05:52:12 pm
we have it....its under business objectives..100% sure it is in our topic
Title: Re: business P1 doubts here!!
Post by: Saavya on May 16, 2011, 05:57:28 pm
oh okay lol, i just saw the section in my textbook,

i found this thingy
check my attachment

hmm the disadvantages have been made very short,
but you can get the detail from the textbook page 67-68 if you are using business studies second edition tb (endorsed by cie blah)
Title: Re: business P1 doubts here!!
Post by: username on May 16, 2011, 06:21:22 pm
nice...
i got this site
its amazin
found it really helpful
heres the link
https://sites.google.com/site/bs9707/Home/revision-notes
hope it helps:D
Title: Re: business P1 doubts here!!
Post by: Tohru Kyo Sohma on May 16, 2011, 06:22:02 pm
oh okay lol, i just saw the section in my textbook,

i found this thingy
check my attachment
cool...thanks
this awesome!!good notes!!
+rep
Title: Re: business P1 doubts here!!
Post by: Saavya on May 16, 2011, 06:23:57 pm
nice...
i got this site
its amazin
found it really helpful
heres the link
https://sites.google.com/site/bs9707/Home/revision-notes
hope it helps:D

exactly, the site where i got the social thing sheet from, its good
Title: Re: business P1 doubts here!!
Post by: Tohru Kyo Sohma on May 16, 2011, 06:24:23 pm
nice...
i got this site
its amazin
found it really helpful
heres the link
https://sites.google.com/site/bs9707/Home/revision-notes
hope it helps:D
lol...i've been through this site....i just forgot the name.....it is very helpful
Title: Re: business P1 doubts here!!
Post by: Tohru Kyo Sohma on May 16, 2011, 09:47:38 pm
ok...i've got a doubt here.....what's the differences between a business's corporate ain amd objective??
i ususally get confused here..........PLS HELP SOMEONE i have my business exam tomorrow
Title: Re: business P1 doubts here!!
Post by: dj_dead on May 16, 2011, 11:27:53 pm
a business's corporate AIM is a long term vision that the business aims to or hopes to achieve in the long term...it sums up the various OBJECTIVES that the business sets, in a way. example: a corporate aim could be as vague as "being the best Internet Service Provider in town"....its plain to see that this is a very, very long term plan.
On the other hand, a Corporate OBJECTIVE is a target, a goal, set for the immediate future. A business can have many departments, and each department has its own objectives, and each individual in each department will then have his own objectives. And so all these objectives put together, work towards the common CORPORATE oBJECTIVE....a corporate objective is not vague. it cannot be vague. it is what ddetemines the course of action. it gives the how when where what....so it is descriptive. eg : "business's corporate objective is to increase sales by atleast 20% this year and to open up an outlet in city XYZ"

there u go, hope that helps :)
Title: Re: business P1 doubts here!!
Post by: Tohru Kyo Sohma on May 16, 2011, 11:48:51 pm
a business's corporate AIM is a long term vision that the business aims to or hopes to achieve in the long term...it sums up the various OBJECTIVES that the business sets, in a way. example: a corporate aim could be as vague as "being the best Internet Service Provider in town"....its plain to see that this is a very, very long term plan.
On the other hand, a Corporate OBJECTIVE is a target, a goal, set for the immediate future. A business can have many departments, and each department has its own objectives, and each individual in each department will then have his own objectives. And so all these objectives put together, work towards the common CORPORATE oBJECTIVE....a corporate objective is not vague. it cannot be vague. it is what ddetemines the course of action. it gives the how when where what....so it is descriptive. eg : "business's corporate objective is to increase sales by atleast 20% this year and to open up an outlet in city XYZ"

there u go, hope that helps :)
yep i got it.....thanks alot dj dead 8)
Title: Re: business P1 doubts here!!
Post by: dj_dead on May 17, 2011, 12:54:51 am
np :)
Title: Re: business P1 doubts here!!
Post by: dj_dead on May 18, 2011, 12:38:53 am
i have a doubt.........i hope someone solves it;
Discuss the main factors that a business should consider before deciding to sell its products on
the Internet.  [20]
i kind of need a model answer for it.....!!! :-[


 OMG just saw this post
this is da exact question i wrote an answer for in ma class...and my teacher told me it ws da best answer hed read so far on this topic =P
Title: Re: business P1 doubts here!!
Post by: dj_dead on May 18, 2011, 02:54:52 am
nice...
i got this site
its amazin
found it really helpful
heres the link
https://sites.google.com/site/bs9707/Home/revision-notes
hope it helps:D


hey do u hav such a site for economics? plz teme if u dooo realy need it Thanks :)
Title: Re: business P1 doubts here!!
Post by: Tohru Kyo Sohma on May 18, 2011, 04:40:40 am

hey do u hav such a site for economics? plz teme if u dooo realy need it Thanks :)
i have this one for economics...http://cyro.cs-territories.com/asa2_economics/
hope it is helpful ;D
Title: Re: business P1 doubts here!!
Post by: dj_dead on May 18, 2011, 11:37:26 am
i have this one for economics...http://cyro.cs-territories.com/asa2_economics/
hope it is helpful ;D


aww thanks man appreciate that :)

but da kinda site da previous post had...i mean da business studies notes...it ws a kinda CIE site?? i duno whtever it ws, it ws realllly good...
Title: Re: business P1 doubts here!!
Post by: Tohru Kyo Sohma on May 18, 2011, 06:29:55 pm

aww thanks man appreciate that :)

but da kinda site da previous post had...i mean da business studies notes...it ws a kinda CIE site?? i duno whtever it ws, it ws realllly good...
ya it was a good site
Title: Re: business P1 doubts here!!
Post by: BlackQueen on August 20, 2012, 06:28:23 pm
anyone can ask business P1 doubts here...i ll try to help them and if i have doubts someone can help me!!! 8)

hey there, you okay? :) i needed help, i sat for P1 this may/june i didnt get what i expected, considerin all the effort I put! I fail toe answer questions, as in I dont know how to apply and analyse the answer though i have the knowledge, please help me :)
Title: Re: business P1 doubts here!!
Post by: Tohru Kyo Sohma on August 20, 2012, 07:26:25 pm
hey there, you okay? :) i needed help, i sat for P1 this may/june i didnt get what i expected, considerin all the effort I put! I fail toe answer questions, as in I dont know how to apply and analyse the answer though i have the knowledge, please help me :)
I'm Good. P1 is 5 short answers and 1 Essay.
Short answers are mainly your knowledge and examples.
For Essay, you can find alot of tips in SF. Examples are very good in essay. Ask people(professionals. egs teachers, students etc) if they think your writing language was good. Quoting can also give put you on the good side of the examiner.

I'm not an expert but all i can give you is tips that you should follow. :)
If you follow all these tips without delay you will definitely get what you expect,InshaAllah

Good day
Title: Re: business P1 doubts here!!
Post by: DidiAhmed on April 08, 2013, 08:58:25 am
In 2008 ASDA announced plans to build 1 billion pounds worth online business. It now sells foods, fashion and furniture online through its direct catalogue. Which of the following marketing mix refers to the decision?
 a) promotion b)price c) place d) product
 according to my teacher 'place' is the answer. Is this the correct answer ? Can someone explain me why?
Title: Re: business P1 doubts here!!
Post by: Tohru Kyo Sohma on April 27, 2013, 10:29:32 am
In 2008 ASDA announced plans to build 1 billion pounds worth online business. It now sells foods, fashion and furniture online through its direct catalogue. Which of the following marketing mix refers to the decision?
 a) promotion b)price c) place d) product
 according to my teacher 'place' is the answer. Is this the correct answer ? Can someone explain me why?

Hello
sorry for the late reply. I dont usually come here often. :D
Ok....so they decided on how to sell their product.....in a way they had an option whether to choose opening a store or online retailing. so they chose online retailing.....therefore they decided on their place!
It is definitely not price. Promotion could have been if they said something like....they used sites to advertise their business.....its not really product because....they wheree deciding how to sell their product not what to sell!

Ok so I hope i make sense at all.Tell me if u get it.
:D